U.S. Secretary of Agriculture Brooke Rollins addresses the country’s trade with China and how the government shutdown threatens SNAP funding for ‘Kudlow.’
President Donald Trump said South Korea will pay $350 billion to reduce U.S. tariffs and invest $600 billion in American energy and business. In a Truth Social post Wednesday, he added that he approved of Seoul’s plan to build nuclear-powered submarines as part of what he called a stronger military alliance.
Trump wrote on Truth Social: “South Korea has agreed to pay the US $350 billion for a tariff reduction. [sic] charged against them by the United States. Moreover, they have agreed to buy our oil and gas in large quantities, and investments in our country by wealthy South Korean companies and businessmen will exceed $600 billion.
“Our Military Alliance is stronger than ever before and on that basis I have given them approval to build a nuclear-powered submarine instead of the outdated and much less agile diesel-powered submarines they have now. A great journey, with a great Prime Minister!”
TRUMP MEETS JAPAN’S FIRST FEMALE LEADER, SIGNS RARE EARTH, CRITICAL MINERAL SUPPLY
South Korean President Lee Jae Myung welcomes President Donald Trump for a special dinner in his honor and state leaders at the Hilton Gyeongju hotel in Gyeongju Wednesday. (Andrew Caballero-Reynolds/AFP via Getty Images/Getty Images)
The president later posted on Truth that South Korea will build its nuclear-powered submarines in Philadelphia shipyards.
“Our country’s shipbuilding industry will soon make a BIG COMEBACK,” Trump wrote. “Stay tuned!!!”
TRUMP THREATENS ‘HUGE’ CHINA TARIFFS, SEES ‘NO REASON’ TO MEET XI
South Korean supporters march with a banner reading “Koreans love Trump!” at a meeting welcoming President Donald Trump, who is visiting to attend the Asia-Pacific Economic Cooperation Summit in Gyeongju. (Jung Yeon-Je/AFP via Getty Images/Getty Images)
Trump met with South Korean President Lee Jae Myung in the city of Gyeongju, concluding an Asia tour aimed at securing new investment deals.
During their meeting, Lee asked Trump to give South Korea access to fuel for conventionally armed, nuclear-powered submarines, a move that has long been restricted under a U.S. nonproliferation agreement.
President Donald Trump speaks at a dinner in his honor in Gyeongju, South Korea on Wednesday. (Andrew Harnik/Getty Images/Getty Images)
Trump later received South Korea’s Grand Order of Mugunghwa – the country’s highest award – along with a replica of a royal crown from the ancient Silla Kingdom, symbolizing Seoul’s recognition for its diplomatic efforts.
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Trump’s previous stops on the trip included visits to Malaysia and Japan. In Japan, he and Prime Minister Sanae Takaichi, the country’s first female leader, signed a framework agreement to secure the supply of crucial minerals and rare earths through mining and processing.
Trump will meet Chinese President Xi Jinping on Thursday as part of his ongoing Asia tour.
